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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,230.00
(
-0.15%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
-0.72%
)
Bitcoin
64,068.92
(
-1.16%
)
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viking86

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Alias Born 08/01/2009

viking86

Re: None

Saturday, 09/26/2009 1:48:38 PM

Saturday, September 26, 2009 1:48:38 PM

Post# of 224
SGZH stock price seems to be manipulated to me. Seems like somebody wants to keep a lid on it in the $7-7.5 range for months. Last Wed, the day before the news about reports to be restated, volume shot up to 200k+ from a daily average of a few thousands and price spiked to $9. Also the Fail-to-deliver # are very high for a stock with such a small float (about5m shares).

Are MM's trying to hold back and accumulate shares b/c they anticipate the price to move much higher soon? Anybody has a theory on this?
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